Description

This T. Rowe Price fund is structured to deliver the maximum possible total return over time, prioritizing a balanced approach between capital appreciation and generating income. It achieves this by allocating investments across a diversified selection of other T. Rowe Price equity and fixed-income mutual funds, which collectively cover a wide array of asset classes and market sectors. The fund's strategy is dynamically managed according to its specific target retirement year of 2015, based on the expectation that investors will typically retire at age 65. The "target date" itself indicates the approximate year an investor plans to cease working and is likely to stop making additional contributions to the fund.